Shanghai Qingpu Fire (08115) completed the acquisition of all shares in Qingda Oriental Fire Technology Group

According to the Zhitong Finance App, Shanghai Qingpu Fire Service (08115) issued an announcement on matters relating to the company's intention to acquire all shares of Qingda Oriental Fire Technology Group. All prerequisites contained in the sales agreement have been fulfilled, and the seller and buyer agreed in writing to complete the transaction on January 5, 2026. After completion, the Group will own all of the Target Group's shares, and the Target Group will become a wholly-owned subsidiary of the Company, so the financial results of the Target Group will be incorporated into the Company's accounts.

According to the transaction agreement, after the completion date, the Company will pay RMB 28 million by allocating and issuing 28 million shares of consideration shares to the seller's nominee Liancheng Fire (Hong Kong) Co., Ltd. (Union City (Hong Kong)); RMB 85 million through the issuance of convertible bonds to the seller; and the remaining RMB 87 million in cash. On January 5, 2026, the Company distributed and issued 28 million shares of consideration shares and convertible bonds on behalf of the seller.